Chinese firm invests 40 mln USD in Mongolian meat-processing complex
A complex of a meat-processing plant will be built in Mongolia's central Tuv Province with Chinese investment.
A complex of a meat-processing plant will be built in Mongolia's central Tuv Province with Chinese investment. According to the provincial governor's office, a cooperation agreement was signed by Tuv province's Deputy Governor, head of Mongolia's state-owned enterprise Tuv-Erdenet, and Chinese entrepreneur and the director of Ai Zhui, a farming, science, and technology company in China's Inner Mongolia Autonomous Region. With Chinese investment worth 40 million U.S. dollars, the complex will have an annual processing capacity of one million heads of livestock and promote local herdsmen's welfare. According to the Tuv province's Deputy Governor, the construction work of the first stage will commence in June this year. Processing workshops for slaughtering, freezing and processing hides, bones and intestines will be completed in one year. In the second stage, the construction of a workshop for semi-processed meat and meat products will be put into operation by June 2020. In the third stage, a bio-science and analysis laboratory will be completed by December 2021. The constructional work of the complex will be executed for 3.5 years by a joint company ‘Tuv Zhui’.
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